"I am prepared to wait six more weeks to see how my investment in this company has fared."
GL josimar. My guess, is that we're looking not at how this company will fare, but how the major shareholders in this company will fare. Based on the history of AGS and ORS's assets (Maldon ad WA tenements), as well as other micro caps of this ilk, it seems likely (imo) that shareholders money will be lost and AYC's very real assets finish up being owned by AYC's major shareholders, as well as some directors who should rightfully be protecting their shareholders interest (but rarely, if ever, do).
Beware the big guns ...Twiggy, Pybar, Gandel Metals .. they are not likely to lose in my view; or from my experience, as a once shareholder in AGS and ORS.
Millions of shares on issue, funds depleted, increasing debt, CR to raise more mug money .. or let's sell to the big guys cheaply to avoid administration ??? .. Looks like the market shares my cynicism. Would dearly love to be wrong.
I own only from ORS's demise, and definitely NOT through confidence in any of the big names involved in AYC
AYC Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held